At roughly this time a year ago, Google acquired GPS navigation startup Waze for a reported $1.3 billion. The acquisition served as proof that apps using GPS to solve common, real-world problems could be worth big money.
Don’t get me wrong: I certainly like that Facebook is now changing the default post setting for new users to "friends," rather than “public.”
But I also see it as an admission of long-running sneakiness by the social networking giant. Read More